What does this mean? Well, based on historical data, after a ZBT, the market will rise ON AVERAGE 24.6% in ON AVERAGE 11 months.
http://investingintelligent.com/2015/10/08/market-update-yesterdays-zweig-breadth-thrust-event-confirmed/
Careful Bears…Since 1867 SPX was NOT breached per EW a downtrend can not be confirmed. IF SPX breaches 2040 per EW this would have ended P4 at 1867 and off we go to new highs per P5. Completion of p5 will end the bull market at minimum 2200 SPX…I cannot post the chart per the proxy server; however, the chart was posted earlier:
https://tampa-us.proxyserver.com/browse.php?u=Tgjz%2FaNeCozPYDaqHx4skqhNehh9rhYnalLy&b=29